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Court grants ex-pension chairman, Maina N1bn Bail

On Monday, the Federal High Court, Abuja, admitted that Abdulrasheed Maina, defunct from Pension Reform Task Team (PRTM), to bail in an amount of N1billion.

Judge Okon Abang, who issued the judgement, also ordered Maina to present two guarantees that should serve the senators.

The two lawmakers, according to the judge, must not present any criminal trial in any court in the country.

It has also established that the two guarantees, which must be prepared for a limit of N500 million each, must always be in court with the accused at each deferred date.

Maina, who entered the Corte 6, on the second floor of the building, around 9:40 am, was held up with a stick.

The former head of the pension reform was tried for alleged money laundering expenses involving more than N2 billion favorites against him from the EFCC,

Judge Abang, on November 21, set a hearing on the bail application and continued Maina’s trial on Monday.

The judge accused the Nigerian Correctional Services (NCS) of compounding the issue before the court by failing to produce a medical report on Maina’s health status days after the order to that effect was made.

He ruled that the trial would be on a day-to-day basis in subsequent proceedings.

Recall Maina’s trial was stalled in the last adjourned date due to his worsening health condition.

The EFCC had on Oct. 25, charged the defendant before the court alongside his firm, Common Input Property and Investment Ltd.

He pleaded not guilty to the 12-count charge and his trial has yet to make meaningful progress due to his failing health.